5 Ad-Tech Stocks to Buy as Industry Goes Through Upheaval

4. The Interpublic Group of Companies, Inc. (NYSE:IPG)

Number of Hedge Fund Holders: 30

The Interpublic Group of Companies, Inc. (NYSE:IPG) is a New York-based company offering advertising and marketing services worldwide. The company provides consumer advertising, digital marketing, communications planning, public relations, and data science services. Redburn analyst Bianca Dallal resumed coverage of The Interpublic Group of Companies, Inc. (NYSE:IPG) on September 8 with a Neutral rating. Previously, on August 25, Exane BNP Paribas analyst Lina Ghayor initiated coverage of Interpublic Group with an Outperform rating. It remains one of the top ad-tech stocks to buy as the industry faces upheavals. 

On August 30, The Interpublic Group of Companies, Inc. (NYSE:IPG) declared a $0.29 per share quarterly dividend, in line with previous. The dividend is distributable on September 15, to shareholders of record as of September 1. The company also delivered market-beating Q2 results.

According to Insider Monkey’s data, 30 hedge funds were bullish on The Interpublic Group of Companies, Inc. (NYSE:IPG) at the end of Q2 2022, compared to 32 funds in the earlier quarter. Harris Associates held the leading position in the company, consisting of 14.5 million shares worth about $400 million. 

Here is what Ariel Fund & Ariel Appreciation Fund has to say about The Interpublic Group of Companies, Inc. (NYSE:IPG) in its Q3 2021 investor letter:

“Marketing communication company, Interpublic Group of Companies, Inc. (IPG) was the top contributor over the trailing one-year period. Notably, IPG is delivering a stronger than expected revenue mix between Technology and Healthcare relative to its peer group, solid cost containment and margin expansion. Meanwhile, the company continued to focus on de-levering the balance sheet. In our view, IPG’s Acxiom acquisition for data has proven to be a winner, helping the company increase their revenue across all eight major advertising sectors by industry. We believe these results continue to demonstrate the strength and resiliency of the business model and expect IPG to be a beneficiary of increasing advertising and marketing budgets across an improving global economy.”